BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Godrej Properties Ltd.'s Q3 FY22 gross sales bookings worth Rs 15.4 billion were well below our estimate of Rs 21.0 billion owing to lower sustenance sales of Rs 9.1 billion.
However, with a strong launch pipeline in Q4 FY22, Godrej Properties appears to be on track to cross FY21 sales bookings of Rs 67.3 billion.
The company has also announced a proposed investment in DB Realty Ltd. of up to Rs 7 billion to set up a 50:50 joint venture platform in Mumbai for slum rehab/redevelopment projects, of which Rs 4 billion will be at DB Realty entity level (Rs 3 billion from this will be reinvested in the JV) and Rs 3 billion at special purpose vehicle level.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
